Itaconix (ITX)

Sector:

Industrial Chemicals

Index:

FTSE AIM All-Share

139.33p
   
  • Change Today:
    -0.67p
  • 52 Week High: 263.00
  • 52 Week Low: 114.00
  • Currency: UK Pounds
  • Shares Issued: 13.49m
  • Volume: 23
  • Market Cap: £18.79m

Itaconix raising £0.3m to bolster EU inventories

By Josh White

Date: Friday 22 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Plant-based polymer specialist Itaconix announced a placing to raise £0.3m on Friday, to help strengthen its European Union inventories.
The AIM-traded firm said the placing was being conducted through a direct subscription with existing institutional shareholder IP Group, as well as its own management.

It said it would issue and allot 6,666,668 new shares at, in the case of IP Group, an issue price of 4.5p per share, and at an equivalent price of 5.9 US cents per share for management.

The issue price of 4.5p represented a 10.9% discount to the closing mid-market share price on 21 April, and a premium of 1% to the 30-day volume-weighted average price to 21 April.

Itaconix's board said the new shares were being issued under the shareholder approval given at its 2021 annual general meeting.

"The proceeds of the fundraise will be used for general growth working capital, predominantly to strengthen finished goods inventories held in the EU to assure reliable and ready delivery times to EU customers," the directors said in their statement.

At 0948 BST, shares in Itaconix were up 3.96% at 5.25p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Itaconix Market Data

Currency UK Pounds
Share Price 139.33p
Change Today -0.67p
% Change -0.48 %
52 Week High 263.00
52 Week Low 114.00
Volume 23
Shares Issued 13.49m
Market Cap £18.79m

Itaconix Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
18.39% below the market average18.39% below the market average18.39% below the market average18.39% below the market average18.39% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
21.95% below the market average21.95% below the market average21.95% below the market average21.95% below the market average21.95% below the market average
52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average
Income Not Available
Growth
48.64% above the market average48.64% above the market average48.64% above the market average48.64% above the market average48.64% above the market average
52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average

Itaconix Dividends

No dividends found

Trades for 18-Jun-2024

Time Volume / Share Price
11:34 10 @ 139.60p
10:46 7 @ 139.60p
08:42 6 @ 142.00p

Itaconix Key Personnel

CEO John Shaw
CFO Laura Denner

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